Tracey,(posted 7524 days ago)The following comes from a solicitor in relation to your posting...
This situation is covered by the OFT Debt Collection Guidance - I haven't got them to hand, but I think it is covered in the bit about disputed debts. Also, regarding the Blemain, as Lexie said, it is important to see the terms and conditions and look at the particulars of claim. Also, they are on a list I have from a barrister which covers agreements which may be unenforceable but would need to see copy of the agreement to be able to check. As already mentioned on the site, one of the problems with sub prime lenders is that they often add high charges. These accrue interest with the result that the normal monthly payment (plus the arrears as per Norgan) will then often be insufficient to repay the loan by the end of the term If a lender is being unreasonable by taking possession action very soon after default, it is worth checking if they are CML members (doubtful) or subscribe to the mortgage code. if they do., it is worth seeing if they are in breach of any of the provisions relating to taking possession action.
Hope this is useful,
Mark.